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Pair Divergence Method

  • #221
  • Apr 15, 2009 9:16pm Apr 15, 2009 9:16pm
Three winning trades today on EUR/USD-USD/CHF.
No losers.

1. Long U/C
2. Long E/U
3. Short U/C
Attached Image (click to enlarge)
Click to Enlarge Name: ecdiv.gif Size: 43 KB
  • #222
  • Apr 15, 2009 10:45pm Apr 15, 2009 10:45pm
hi bill for overlayer indicator did i need set mirroring to false for gbpjpy & eurjpy? thanks
  • #223
  • Apr 15, 2009 10:53pm Apr 15, 2009 10:53pm
Those are two positively correlated pairs so the answer is no. Only set mirroring to true for negatively correlated paris like EURUSD/USDCHF

Lux
MT4 EA, Indicator and Alert Coder Since 2006
  • #224
  • Apr 16, 2009 2:04am Apr 16, 2009 2:04am
Quoting billbss
pdf? I don't have the super duper writable version of Acrobat that will let me write- only read. I have MSWORD, though.
I'll redo post #1 and well see what else is needed
Hi Billbss.

Thank you very much for sharing your system.

If you want to make a pdf you can write a document in MSWord or WordPad or whatever you want and then use a free software like CutePDF, PrimoPDF and other to make it in to a pdf file.
If you google those names or "free pdf writer" or "free pdf creator" or something like that you will find some good ones.

I am not asking you or telling you to do it, this is just for information. You have already done more than enough when sharing your system i think.
If you have a text (like one of the posts here or a doc) you want made in to a pdf just say so and some of us others will do it. No problem.

Again thank you.

Friendly regards.
Arctic4x
  • #225
  • Apr 16, 2009 3:33am Apr 16, 2009 3:33am
Quoting vbro
The peaks/valleys must occur on the same bar. If they are a bar late, the system waits for the next set up.
Thanks, VBro!
One Chart is Worth Ten Thousand Words.
  • #226
  • Apr 16, 2009 4:03am Apr 16, 2009 4:03am
Quoting billbss
I don't have the super duper writable version of Acrobat that will let me write- only read.

Here's what I want to do this weekend:
Bill, thank you very much for your efforts!

PDF - PM me, I can either turn your Word file into PDF or send you a free PDF maker.

Quick question: when one pair makes HH and other one doesn't, do you always trade the latter? Could sometimes the "HH" pair be a better choice? Thanks a lot!
One Chart is Worth Ten Thousand Words.
  • #227
  • Apr 16, 2009 4:06am Apr 16, 2009 4:06am
Quoting luxinterior
Is this a new thing for IBFX? There's no news and it's not a spike. It's been sitting there for the past 15 mins I've been watching it.
Lux, thanks a lot for your indi!!

IBFX - several people complained about that. Try Oanda, many traders at FF use it.
One Chart is Worth Ten Thousand Words.
  • #228
  • Apr 16, 2009 4:51am Apr 16, 2009 4:51am
Quoting Forex007
Bill, thank you very much for your efforts!

PDF - PM me, I can either turn your Word file into PDF or send you a free PDF maker.

Quick question: when one pair makes HH and other one doesn't, do you always trade the latter? Could sometimes the "HH" pair be a better choice? Thanks a lot!
No always take the weaker pair to sell (the one that didn't make the HH).
Always buy the stronger pair (the one didn't make the LL).

I've verified this with a lot of chart time.
  • #229
  • Apr 16, 2009 6:55am Apr 16, 2009 6:55am
If you want to watch also futures, i would recommend sp500 and nasdaq, bund and schatz, gold and silver, they are really interested in M15. In forex I keep eye on eur/usd and usd/chf, eur/gbp and gbp/chf (M15). Thanks billbss for your method, it's fascinating!
  • #230
  • Apr 16, 2009 10:41am Apr 16, 2009 10:41am
hey BillBss

Put this indicator on your chart and set ATR to 14 multyplier 2

In the top left of your chart you will see a figure in pips which is your ATR14 x 2 on the current candle

Open the data Window and use a cross hair on ANY candle and it will show you the ATR of 14 x 2 on that candle

hope it helps

Paulus
Attached File(s)
File Type: mq4 ATR in Pips.mq4   2 KB | 757 downloads
  • #231
  • Edited 11:39am Apr 16, 2009 11:37am | Edited 11:39am
I have the Overlay ind in my indicator folder on FXdd. I've tried to place on chart from navigator on M15 chart and also H4 chart. I'v tried changing color (they are all defaulted to black on color tab). I've unloaded and reloaded, still no lines or text on chart. Help Paul. I've seen loading EAs and indicators for years so should know how!

P.S. do you load it twice to get two lines on chart? It is defaulted to mirror on USD/CHF, do I change to false if not USD/CHF? I read there is probably a
Word Document or PDF coming but I don't know when. Thanks again Paul
  • #232
  • Apr 16, 2009 12:12pm Apr 16, 2009 12:12pm
Quoting plind
I have the Overlay ind in my indicator folder on FXdd. I've tried to place on chart from navigator on M15 chart and also H4 chart. I'v tried changing color (they are all defaulted to black on color tab). I've unloaded and reloaded, still no lines or text on chart. Help Paul. I've seen loading EAs and indicators for years so should know how!

P.S. do you load it twice to get two lines on chart? It is defaulted to mirror on USD/CHF, do I change to false if not USD/CHF? I read there is probably a
Word Document or PDF coming but I don't know when....
If there is nothing at all on your screen, I don't know the answer. Sorry.
  • #233
  • Apr 16, 2009 12:19pm Apr 16, 2009 12:19pm
Simple, nice and outside the box
thank's! billbbs
  • #234
  • Apr 16, 2009 12:33pm Apr 16, 2009 12:33pm
Quoting plind
I have the Overlay ind in my indicator folder on FXdd. I've tried to place on chart from navigator on M15 chart and also H4 chart. I'v tried changing color (they are all defaulted to black on color tab). I've unloaded and reloaded, still no lines or text on chart. Help Paul. I've seen loading EAs and indicators for years so should know how!

P.S. do you load it twice to get two lines on chart? It is defaulted to mirror on USD/CHF, do I change to false if not USD/CHF? I read there is probably a
Word Document or PDF coming but I don't know when....
Hi Paul, possible solutions:

1. Go to the indi properties and check that LineColor is NOT set to "none" or black. Choose for example red.

2. In the same indi properties window check SubSymbol, if it has a small letter "m" at the end of the pair USCHF, remove that. If it is not there, put the letter "m" behind it which means mini account.

No you don't have to load it twice, once is enough.

Don't expect a PDF yet, there are not so many rules and guidelines that it requires a PDF file in my opinion. A simple re-written 1st post would be enough.
  • #235
  • Apr 16, 2009 6:13pm Apr 16, 2009 6:13pm
Quoting billbss

Here's what I want to do this weekend:
Take all pair combos from the 1H correlation chart, which show >80%. Depending on how many there are, I may cut it off at 85%.
Manually backtest them for at least a month.
That should give 40 or so trades each.
I think that will tell us which pairs are worth trading.

Your welcome.
Bill, I'm not sure if you noticed, but if I rightly recall, the 50hr data at the correlation table you referred us to seemed a little weird at the beginning of the week. I'm not sure if there is a weekend data issue, or not. I only glanced over it, and I might be mistaken. In any case you will be taking your data at the end of the week so you shouldn't run into that problem if it exists.

I put together a table of data that I got from Oanda that shows weekly, monthly, quarterly, 6mo, 1yr, and 2yr correlations for AUD/USD EUR/CHF EUR/GBP EUR/JPY EUR/USD GBP/USD NZD/USD USD/CAD USD/CHF USD/JPY XAG/USD XAU/USD. Maybe it's helpful to you, maybe it's not...

I've also been messing around with indices, but nothing looks as good as your method. If you are ever in the mood to overlay Oil, Dow, etc... netdania will do it.

I know at the beginning of thread you thought that your SL/TP needed improvement. It seems to fit rather well to me. It will be interesting to see if you feel the same way after your manual back testing.

Thanks again.
Attached File(s)
File Type: pdf Currency Correlations.pdf   54 KB | 1,604 downloads
  • #236
  • Apr 16, 2009 6:56pm Apr 16, 2009 6:56pm
Quoting babatot
Bill, I'm not sure if you noticed, but if I rightly recall, the 50hr data at the correlation table you referred us to seemed a little weird at the beginning of the week....
Thank you. That will be very helpful.
  • #237
  • Apr 16, 2009 7:11pm Apr 16, 2009 7:11pm
Oh hey Bill,

Did you see any setups today ?

I saw this one and took it on demo (Hopefully it was a setup )
Attached Image (click to enlarge)
Click to Enlarge Name: bill1.jpg Size: 161 KB
  • #238
  • Apr 16, 2009 7:18pm Apr 16, 2009 7:18pm
After deleting the chart and indicator from MT4 FXDD then reloading indicator from this thread second time then was able to load on chart and now looks OK.

Now to work finding divergence. Thanks Bill and others posting charts and comments. Paul
  • #239
  • Apr 16, 2009 7:44pm Apr 16, 2009 7:44pm
GBPJPY vs EURJPY (today)
H4 and Daily, Long signal for GBPJPY..am I right?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ dan GJ divergenceH4.jpg Size: 169 KB
Click to Enlarge Name: EJ dan GJ divergencedaily.jpg Size: 137 KB
  • #240
  • Edited 8:27pm Apr 16, 2009 7:46pm | Edited 8:27pm
Quoting Jigsaw
Oh hey Bill,

Did you see any setups today ?

I saw this one and took it on demo (Hopefully it was a setup )
Hey Jig,

That trade's as close as it gets, but I'm pretty sure Bill would say that Euro peaked 1 bar sooner than Swissy, so technically, it was a no trade, even though it succeeded as you traded it.

Hope this helps,

VBro
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